Legal News

ISDA responds to ESMA consultation on derivatives clearing and trading obligations

Published on: 03 October 2022
Published by LNB News

LNB News 03/10/2022

Document Information

Issue Date: 03 October 2022

Published Date: 03 October 2022

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) has responded to the European Securities and Markets Authority (ESMA)’s consultation on adapting the derivatives clearing obligation (CO) and derivatives trading obligation (DTO) in view of the on-going interest rate benchmark reform. ISDA members were overall supportive of this consultation, acknowledging the benefits of central clearing, stating that introducing a CO ‘could be a helpful tool for avoiding liquidity fragmentation’.

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